$A lower as investors take profits from recent rally

The Australian dollar has fallen more than a third of a US cent as investors take profits following recent rallies.

At 0700 AEDT on Friday, the currency was trading at 105.15 US cents down from 105.52 cents on Thursday afternoon.

Westpac New Zealand senior market strategist Imre Speizer said investors were taking profits following recent gains in the Australian dollar, which rose by more than one US cent between Tuesday and Thursday.